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Posted on 10.06.08 by R. Lee Wrights
“The government’s $700 billion rescue [sic], aimed at rebuilding economic confidence, appeared to sound a global alarm instead on Monday, triggering a fearful international sell-off as the U.S. began work on a plan that investors feared would be too little and too late to stave off a worldwide recession. As markets around the world tumbled amid fast-spreading anxiety, officials in Washington worked quickly to put the new financial plan into effect and to shovel more money into the banking system.” (10/06/08) Link: http://tinyurl.com/48gwhc Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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